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, ridiculously agile, tight turning, fun to drive 2013 smart. ♪ >>> motorists in california got some sticker shock at the pump today. gasoline prices jumping 17 cents overnight. . sharon here with the details. >> it's incredible. nearly $6 a gallon at some stations in southern california. stations talking about possibly running out of gas because of the high price. a lot of consumers worry it could happen to them. california is a special case based on the special type of gasoline that's required in that state. the refining issues that are servicing in california and elsewhere around the country are having an impact on prices. not only on the national average, but on different pockets. we are looking at prices that vary quite a bit across the country. from california, we also have in the south some of the cheapest gas, just over $3.50. in the new york area, over $4. the fact remains the national average at $3.79 a gallon is likely to go higher based on what we've seen in the futures market over the last several weeks. we are likely, some traders say, to see $4 gasoline as the national average
but we're looking at brent crude holding pretty steady here. in light of what has happened in california in the last 24 hours, the fact the california governor put in the ability to have winter grade gasoline there a little earlier than usual, that may be something that's causing gasoline futures to fall. but we are looking at prices at the pump. some say could drop also. really depends on what happens there. that's the wild card that could send prices higher through election day. back to you. >> you can have all the oil you want, but you can't process it. what's the point? thank you. >>> why aren't gasoline prices coming down as fast as oil prices? we'll hear from somebody that says it's because of something that hasn't happened in over 70 years. >>> two big stocks, two big calls. netflix shares are up after morgan stanley upgraded it to overweight. ubs recommending hp, hewlett-packard, should break up into two businesses. an enterprise business and pc printer business. given both stocks are down some 40% over the past year, either beaten down name a buy right now? it's hp versus netfli
on the cover of that magazine. joining us now from the fortune summit in laguna, california, is former yahoo! ceo carol bartz. thank you for joining us. >> good to see you. it's so bright here i have these shades on. i'll try. if i squint too much i'll put them back on. >> i understand. you do whatever makes you comfortable, chairl. thank you very much. your successor at yahoo! just unveiled her plan for the company. she's focusing on personalization, mobility, and investing in projects that reach 100 million users or $100 million in revenue. what do you think? what's your take given your experience at yahoo!? is this the right way to go? >> i think he's right on. i think she's a good choice for yahoo!. she's got a lot of energy, a lot of experience. you know, during my tenure, we had talked about personalization, of course mobile, you know, getting more engage ed users. i think she's right on the mark. she's a great gal. >> and the company recently sold its stake in ally baba, returned the cash to shareholders. was that a good move? under your tenure, the relationship was a bit strained, ri
of malibu, california. >> i thought it was so funny. i said, why did you take out a $4.5 billion line of credit? why does a guy with $4.5 billion need a $4.5 billion line of credit? he said, just in case i want to buy the l.a. lakers or something. >> he is one eclectic guy. that's for sure. >> it was interesting to have the discussion. >> that was great. great fun. good to have you back. >> thank you. >> all right. we're coming back with the closing countdown after this. >> after the break, he's one of the most successful major league managers than ever. who better to talk about than what is shaping up to be a wild last day of the regular season than joe torre? he's with me later on the "closing bell." [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. we know you.atever your business challenge, we know you have to rise early... and work
the highest prices in california. back to you, bill. >> lovely. sharon, thank you very much. so let's move on to target. today announcing it will no longer report monthly sales figures starting next year. that is a move that aligns it with competitors like walmart. we should point out both target and walmart are up about 25% so far this year. big moves there. which of the big box retailers is the better buy right now? that's what we're going to talk about in talking numbers today. on the technical side, it's mark newton. on the fundamentals, patty edwards. good to see you both. mark, give us the charts. who looks better right now among two strong retailers? >> i like walmart a lot better than target. it has a superior longer term chart. i think it should still outperform. we see a monthly chart of walmart going back since the d mid-'90s. it went sideways for almost a decade. recently the stock broke out to new high territory, really in june of this year. that caused real acceleration. oftentimes it's important to watch when a stock hits new annual highs or all-time highs. that can lead t
as well as in california. as we have seen there, of course, the regulations there for winter grade gasoline, which is cheaper, going into effect a few weeks earlier. that has certainly helped increase the supplies there. that's helped bring down prices. we're still looking at the lowest prices in a week's time. we're looking at $3.81 a gallon. still, 12% higher than what you were paying a year ago. back to you. >> and i filled up last night. wouldn't you know it. thank you, sharon. okay. shares of both wells fargo and jpmorgan chase lower today despite those better than expected earnings that they reported this morning. of the two, which is the better buy going forward? or have the financials simply topped out overall? let's talk about that today in "talking numbers." gentlemen, good to see you both. david, you first. your reaction to the earnings. does this selloff today for you represent a buying opportunity? >> yes, it does, bill. both companies, as you said, reported better than expected earnings. jpmorgan actually had a much better than expected number, $1.40. i'd say the oper
. >> the california state teachers retirement system, say they want rupert out as chairman and they will not vote to re-elect murdoch or his son it is to board. is it possible to oust the family from a family-run company? >> let's talk about that with vasili, senior media analyst and matthew ha matthew harrigan. you're not buying this, are you? >> it is, after all, a family-controlled company. they control 38% of the voting power. previously there were attempts like that. i think last year we had a lot of noise going into the shareholder meeting and the board is still very heavily representative of the murdoch family. >> math thou, what do you think? >> no, not with prince's involvement and very good stock and operating performance over the last year. you know, i think some of the issues in the uk at least perceptionwise is invariably avoided. he ceded to the publishing spin but i think over the longer time frame he certainly created a lot of value. i think sometimes he's bucked the trend doing things like starting fox news on an organic basis, which wasn't popular on the street. over the long te
are released. that's all ahead on the "closing bell." for over 60,000 california foster children, extra curricular activities help provide a sense of identity and a path to success. joining the soccer team. getting help with math. going to prom. i want to learn to swim. it's hard to feel normal, when you can't do the normal things. to help, sleep train is collecting donations for the extra activities that, for most kids, are a normal part of growing up. not everyone can be a foster parent... but anyone can help a foster child. >>> you know, usually when a company's chief executive officer abruptly resigns as vikram pandit did today, it's bad for the stocks. not the case today. >> citigroup off its highs but still up about 0.7 p%. heavy volume in the stock. remember, citi will host that conference call at 4:30 p.m. eastern standard time. keep it here on cnbc. we'll have that live for you. bill. >> all right, seema. thank you very much. so what does the shake-up at citi mean for the financial sector? they've been a leader whether up or down. pimco's bill gross has been outspoken about it.
that 10% mark. 9/11 new york and california, which have some of the highest prices, we've seen a significant price drop. so that's a little bit of good news for consumers going into the weekend. back to you. >> all right, sharon. thank you very much. the market selling off on this, the 25th anniversary of black monday. all major averages plunging nearly 2%. of course, 25 years ago it was 22%, which would translate to about 3,000 dow points today. so is it a one-day event, or will weaker earnings bring more declines ahead? >> well, that's what we're looking at. here to break it down right now is david from morgan stanley and our own bob. david, you've been calling for 1167 for the s&p 500. >> that's correct. the market has surprised us to the up side, mainly because we've been right with the earnings. however, the price earnings m l multiple has expanded. spain's bond yield are down. quantitative easing in the united states and the outright monetary transactions by the european central bank. all of those things have led people to basically give a higher multiple to the earnings
Search Results 0 to 8 of about 9

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